Fathi Hakam - 15 Sep 2022 Form 4 Insider Report for LANTRONIX INC (LTRX)

Reporting relationship: Vice President of Engineering
Issuer ticker: LTRX
Reported as of: 15 Sep 2022
Net transaction value: -$34,151
SEC form: 4
Accepted by SEC: 19 Sep 2022, 20:01:46 UTC
Prior SEC filing: 14 Sep 2022
Source filing: View source filing
Reporting owner signature: /s/ Jeremy Whitaker, Attorney-in-fact for Fathi Hakam

Key filing fact

Fathi Hakam filed Form 4 for LANTRONIX INC (LTRX) on 19 Sep 2022.

Key facts

This page summarizes Fathi Hakam's Form 4 filing for LANTRONIX INC (LTRX).
4 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 19 Sep 2022, 20:01.

Change

Previous filing in this sequence was filed on 14 Sep 2022.
Current net transaction value: -$34,151.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LTRX transaction

Common Stock

Award

Transaction value: $0
Shares: +12,892
Change %: +9.7%
Price: $0.000000
Shares after: 145,461
Date: 15 Sep 2022
Ownership: Direct
Footnotes: F1

LTRX transaction

Common Stock

Sale

Transaction value: $11,824
Shares: -2,149
Change %: -1.5%
Price: $5.50
Shares after: 143,312
Date: 15 Sep 2022
Ownership: Direct
Footnotes: F2, F3

LTRX transaction

Common Stock

Sale

Transaction value: $11,233
Shares: -2,149
Change %: -1.5%
Price: $5.23
Shares after: 141,163
Date: 16 Sep 2022
Ownership: Direct
Footnotes: F2, F4

LTRX transaction

Common Stock

Sale

Transaction value: $11,094
Shares: -2,148
Change %: -1.5%
Price: $5.16
Shares after: 139,015
Date: 19 Sep 2022
Ownership: Direct
Footnotes: F2, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

On October 18, 2019, the reporting person was granted Restricted Stock Units ("RSUs") with performance-based vesting requirements. A percentage of the target number of RSUs subject to the award are eligible to vest in each of the three years beginning in fiscal 2020 based on certain earnings per share targets and revenue targets. This transaction reflects the vesting and payment of 12,892 RSUs subject to the award on September 15, 2022 with respect to the performance conditions that were satisfied for fiscal 2022.

Footnote F2

Represents shares of Lantronix, Inc. common stock sold upon vesting to cover required tax withholding. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

Footnote F3

This transaction was executed in multiple trades at prices ranging from $5.44 to $5.56. The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Footnote F4

This transaction was executed in multiple trades at prices ranging from $5.14 to $5.31. The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Footnote F5

This transaction was executed in multiple trades at prices ranging from $5.12 to $5.25 The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.